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2015-09-03

Veidekke ASA: To build new project in Lillestrøm

Veidekke Entreprenør has signed a contract with Kvartal 33 AS to build 117
flats and 2,000 m2of commercial premises in Storgata in Lillestrøm. Kvartal
33 AS is jointly owned by Veidekke Eiendom AS and Nedre Romerike AS. The
value of the contract is NOK 337 million excluding VAT.

The project comprises three blocks of flats with commercial premises on the
ground and first floors, in addition to a two-level cellar. The blocks are
adjacent to square that blends into the church park. The flats in the project
comprise one, two, three and four room flats ranging in size from 29 to 208
m2with large balconies. The top flats will have private roof terraces.

The building contract will be jointly executed by Veidekke's subsidiary Seby
AS in Romerike and Veidekke in Oslo. Ground works have started, while the
actual construction will commence in Q4. Occupation for the first residents
is planned for the summer of 2017.

For more information about the project:http://kvartal33.no/

For press photos, seewww.flickr.com/photos/veidekke,for more information,
contact:
General Manager Bjørn Ove Liavaag of Seby, tel. +47 90 69 35
77,bjorn-ove.liavaag@veidekke.no

Communications Manager Helge Dieset of i Veidekke, tel. +47 90 55 33
22,helge.dieset@veidekke.no

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Veidekke is one of Scandinavia's largest construction and property development
companies. The company undertakes all types of construction and civil
engineering contracts, maintains roads, and produces asphalt and aggregates.
The company is characterised by involvement and local knowledge. Revenue is
NOK 24 billion (2014), and half of the 6,400 employees own shares in the
company. Veidekke is listed on the Oslo Stock Exchange and has always posted
a profit since it was founded in 1936.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Illustration Kvartal 33
http://hugin.info/172/R/1949343/708330.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Veidekke ASA via Globenewswire

HUG#1949343

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